NMDC Simple Price Action Analysis
Atualizado
NMDC in the past was in a severe downtrend, then it created the first Bullish Pattern known as a Falling Wedge. Most often falling wedges change the trend and that can be seen in this chart also. Price has started creating Higher highs and Higher lows which is a signal of the beginning of an Uptrend.
Hence the expectation is price should continue its upward trajectory.
The First Target could be 163, which will be approx. 24.90% Return on Investment.
The Second Target could be 234, which will be around 79.31% Return on Investment.
And the Final Target, for now, could be approximately 439, which will be around 236.40%.
With this stock, our Earning is not limited to the Return on Investment rather we will also keep on Earning from the Dividends that we will receive from time to time, which will also act as an additional income.
Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital or even provision of additional margin in futures trading. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit, and employees are for information purposes only and under no circumstances should be used for actual trading.
Nota
1st target of 163 has been achieved today.Nota
achieved 70.19% Return on Investment in just 151 days and counting.Nota
Achieved the second target and a whopping 88.28% Return on Investment in just 157 days
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.